ArcelorMittal reports third quarter 2016 results
ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results for the three and nine month periods ended September 30, 2016.
Highlights:
- Health and safety: LTIF rate of 0.84x in 3Q 2016 as compared to 0.79x in 2Q 2016 and 0.78x in 3Q 2015
- Operating income of $1.2 billion in 3Q 2016 lower as compared to $1.9 billion in 2Q 2016 (which included one-time $0.8 billion gain from employee benefits at ArcelorMittal USA)
- EBITDA of $1.9 billion in 3Q 2016, 7.1% higher as compared to $1.8 billion in 2Q 2016; 40.4% higher YoY
- Net income of $0.7 billion in 3Q 2016 as compared to net income of $1.1 billion in 2Q 2016 (which included one-time $0.8 billion gain from employee benefits at ArcelorMittal USA) and net loss of $0.7 billion in 3Q 2015
- Steel shipments of 20.3Mt in 3Q 2016, a seasonal decline of 8.1% as compared to 2Q 2016; steel shipments of 63.9Mt in 9M 2016, down 1.5% YoY
- Net debt decreased to $12.2 billion as of September 30, 2016, as compared to $12.7 billion at June 30, 2016;net debt lower by $4.6 billion as compared to $16.8 billion as of September 30, 2015
More information in the document below
-
ER2016Q3-en 569.66 Ko
Communiqués liés
KPMG Luxembourg invests in its talents with 12 new leaders t...
KPMG aims to create one of the most innovative, healthy and inspiring working en...
Generative AI is set to be adopted by 85% of the software wo...
Generative AI (Gen AI) is expected to play a key role in augmenting the software...
PwC Luxembourg strengthens its Assurance team with two new (...
PwC Luxembourg is pleased to welcome two new Audit Partners to the Alternative I...
Uber Eats se lance au Luxembourg
Uber Eats est ravi d'annoncer son lancement au Luxembourg, rendant la livraison ...
DLA Piper announces strategic leadership appointments in Lux...
Global law firm DLA Piper has announced the promotions of two business operation...
Indosuez Wealth Management launches the “StartUp Connectio...
“StartUp Connections” is a digital platform offering simplified access to an...
Il n'y a aucun résultat pour votre recherche